EM LATAM CREDIT: Tecpetrol: New 5NC2-Year Guidance

• US Data/Speaker Calendar (prior, estimate)
• 09/30 0600 Fed VC Jefferson keynote speech
• 09/30 0900 Boston Fed Collins Council on Foreign Relations
• 09/30 0900 FHFA House Price Index MoM (-0.2%, -0.1%)
• 09/30 0900 S&P Cotality CS 20-City MoM (-0.25%, -0.20%), YoY (2.14%, 1.91%)
• 09/30 0945 MNI Chicago PMI (41.5, 43.3)
• 09/30 1000 JOLTS Job Openings (7.181M, 7.170M), Rate (4.3%, --)
• 09/30 1000 JOLTS Quits Level (3.208M, --), Rate (2.0%, --)
• 09/30 1000 JOLTS Layoffs Level (1.808M, --), Rate (1.1%, --)
• 09/30 1000 Conf. Board Consumer Confidence (97.4, 96.0)
• 09/30 1030 Dallas Fed Services Activity (6.8, --)
• 09/30 1330 Chicago Fed Goolsbee Participates in a Q&A at Midwest Agriculture Co
• 09/30 1910 Dallas Fed Logan moderated discussion
• Source: Bloomberg Finance L.P. / MNI 

• Italian government officials anticipate changes to fiscal targets -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com

Nikkei Asia reporting, “The Trump administration will proceed with the AUKUS defense pact linking the U.S., U.K. and Australia, maintaining the original timeline that includes the sale of three Virginia-class submarines to Canberra beginning in 2032...” The report comes after a Pentagon review in June, ordered by US Undersecretary of Defence Elbridge Colby, threw doubt over US participation in the nuclear submarine alliance.  

• Senator Jeanne Shaheen (D-NH), the ranking Democrat on the Senate foreign relations committee, told the Financial Times in June that news of the administration backing away from Aukus would “be met with cheers in Beijing, which is already celebrating America’s global pullback… Scrapping this partnership would further tarnish America’s reputation and raise more questions among our closest defence partners about our reliability.”
• Australian defence think tanks have speculated that the AUKUS review may have been a strategic play by the Trump administration to pressure Canberra to increase defence spending. The Lowry Institute noted in July, “If the Pentagon’s review really is designed to leverage higher defence spending out of Australia, the PM will either have to perform a humiliating backdown or stand his ground…” 
• Nikkei reports, “The review of pact will wrap up before Australian Prime Minister Anthony Albanese visits the White House on Oct. 20.”